CONSUMER ISSUES


Moneylife Digital Team 23 October 2020
The coronavirus (COVID-19) pandemic has delayed penetration of electric vehicles (EVs) in the Indian automobile industry. While low affordability and the government’s priorities on reviving the otherwise suffering auto industry could shift the focus away from EVs in the interim, passenger...

Read More



IANS 22 October 2020
The Supreme Court has said that a contract of insurance is of utmost good faith and a proposer who is keen to obtain a policy of life insurance is duty-bound to disclose all material facts.   A bench comprising Justices D. Y. Chandrachud, Indu Malhotra and Indira Banerjee said: "A...

Read More



IANS 21 October 2020
The Supreme Court has agreed to hear an appeal, challenging a verdict of National Consumer Disputes Redressal Commission (NCDRC), which raised the question, whether an educational institution or university can be sued for deficiency in services under the consumer protection law.   A...

Read More



IANS 21 October 2020
Consumers can cheer as oil marketing companies (OMC) may actually bring down the retail prices of petrol and diesel this festive season.   Oil sector experts said that with global oil prices under pressure from slowing demand in the second wave of Covid-19 pandemic sweeping several...

Read More



Moneylife Digital Team 16 October 2020
MahaRERA has awarded Rs one lakh as compensation to a homebuyer for delayed possession and mental harassment. The developer Niraj Kakad Constructions will have to pay this penalty to the homebuyer for mental harassment and not being able to deliver possession for over six years after payment...

Read More



IANS 16 October 2020
The upcoming festive season comes with a hope for the retailers as they have been severely hit by the pandemic. A survey by the Retailers Association of India (RAI) and LitmusWorld shows that around 80 per cent Indian consumers are looking forward to buy products during the upcoming festive...

Read More



Most manufacturers and service providers have email IDs where customers can send in their complaints regarding unsatisfactory products or services.   Write to them, and you promptly get a response with a PR spiel, saying “Thank you for writing to us. We are looking into your grievance...

Read More



Shrirang V Samant 14 October 2020
This part touches on the government schemes and why they are unlikely to accomplish what they are meant to achieve. The article then sets out some imperatives and suggests workable solutions.   The most invidious part of this entire story is that, somehow, the government has ceded the...

Read More



IANS 14 October 2020
Heralding a 5G era for its iPhones, Apple on Tuesday introduced a new lineup of four iPhone 12 smartphones that are expected to log even bigger sales than the iPhone 11 family last year despite a delayed launch.   Apple launched iPhone 12, 12 Mini, 12 Pro and 12 Pro Max models. The...

Read More



Shrirang V Samant 13 October 2020
This article is in two parts; the first part sets the context for the issues and solutions that are proposed in the second part   The current epidemic has fully exposed the system failures that have gone unchallenged over the past couple of decades. The result is that today the public...

Read More



Moneylife Digital Team 13 October 2020
Several customers of State Bank of India (SBI) on Tuesday faced issues while conducting online transactions.   In a tweet, SBI says, "Intermittent connectivity issues have delayed making our core banking system available to our esteemed customers today. We hope to be able to...

Read More



Moneylife digital team 12 October 2020
In an unprecedented case, Maharashtra Real Estate Regulatory Authority (MahaRERA) has asked a home-buyer to pay a penalty (in the form of interest) to the developer for delay in payment.    This judgement stands out in stark contrast since the Authority usually has to issue directives...

Read More



IANS 12 October 2020
Even as the festive season of Navratri is around the corner, the rising prices of vegetables are giving a headache to the common man. Prices of all vegetables, including potatoes, tomatoes and onions are touching the sky and there seems to be no hope of a respite any time...

Read More



IANS 12 October 2020
Households expect inflation to remain elevated over the next one year, as per a survey by the Reserve Bank of India (RBI).   The 'Inflation Expectations Survey of Households', however, noted that the respondents' perception of current inflation and expectation for inflation over the...

Read More



Moneylife Digital Team 10 October 2020
A long moratorium exceeding six months can impact credit behaviour of borrowers and increase the risks of delinquencies post resumption of scheduled payments, the Reserve Bank of India (RBI) told the Supreme Court.   According to a report from LiveLaw, the central bank has submitted...

Read More



IANS 10 October 2020
Apple Store Online in India has announced a Diwali offer where people buying an iPhone 11 will get an AirPods absolutely free in the country.   The popular AirPods (2nd generation) are powered by the all-new Apple H1 headphone chip and use optical sensors and motion accelerometers to...

Read More



IANS 09 October 2020
In a move to facilitate more convenience for online fund transfers, the Reserve Bank of India (RBI) has decided to make Real Time Gross Settlement (RTGS) system available round the clock from December 2020.   The decision comes after the RBI made the National Electronic Funds Transfer...

Read More



IANS 09 October 2020
In a bid to improve liquidity for home buyers and boost realty demand, the Reserve Bank of India (RBI) has decided to rationalise the risk weights of new individual home loans sanctioned up to March 31, 2022.   Under the extant regulations, differential risk weights are applicable to...

Read More



TruthInAdvertising.org 08 October 2020
“It’s unwise to incentivize positive skewed consumer reviews,” the FTC wrote in a business blog in April 2019.   Companies are understandably hesitant to admit when they’ve compensated customers to write positive reviews. However, under FTC law, companies have no choice. If they want...

Read More



Moneylife Digital Team 05 October 2020
Maharashtra Real Estate Regulatory Authority (MahaRERA) has asked two disputing developers to settle their internal differences, obtain the occupancy certificate (OC) from the Slum Rehabilitation Authority (SRA) and hand over possession to home-buyers of the stuck 17-storey luxury project at...

Read More

Free Helpline
Legal Credit
Feedback